Business

VN eyes wood, rattan product exports to Japan

A seminar to promote the export of wooden and rattan products to the Japanese market took place in Ho Chi Minh City on Oct. 6.
A seminar to promote the export of wooden and rattan products to theJapanese market took place in Ho Chi Minh City on Oct. 6.

The event was jointly organised by the municipal Department of Industryand Trade, the Trade Promotion Department under the Ministry ofIndustry and Trade and the ASEAN-Japan Centre for Trade, Investment andTourism Promotion (AJC).

According to AJC statistics,indoor wooden products account for the largest component of woodenfurniture and imports to Japan each year and were worth nearly 1.5billion USD. Of this, imports from Vietnam are mainly wooden furniturefor bedroom, kitchen and office.

TakayoshiNagashima, a representative from Japan’s AIK company, said that Japaneseconsumers prefer products with unique characteristics and high addedvalue to improve the quality of their lives.

According to the Vietnam-Japan Economic Partnership Agreement, almost 92percent of commodities flowing between Japan and Vietnam will beexempted from tax from 2010 to 2012. In addition to agricultural,forestry and aquatic products which be provided with high incentivesfrom Japan, industrial products will also enjoy a tax reduction./.
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